Expert warns US entering a recession 'unseen like any other'

Same experts can’t predict the weather the next day. Until the employment data starts showing material weakness, I don’t see a massive recession. Just bunch a fear mongering morons trying to get a hot take.

Pitchfork51 said:

FireCohen said:

Same experts can’t predict the weather the next day. Until the employment data starts showing material weakness, I don’t see a massive recession. Just bunch a fear mongering morons trying to get a hot take.

It's still the employers trying to take back the power

Yes, but most employers just went through hell for the last 2 years trying to hire people. Because of that most of them reluctant to cut as historically just because hiring them was such a pain in the ass. Most might just eat the lower margin and ride out the storm.

Kaepsknee said:

WestlinnDuck said:

MikeDamone said:

So a recession worse than the Great Depression? That would be NUTS!

We were a different culture back in the 1930s. In spite of massive poverty, America was basically crime free and orderly. Today, that kind of unemployment would result in Thunder Dome.

Not so much. We simply had frontier Justice. Eye for an eye if you will. We didn’t have crime report data bases and we had way less police. And a convict had no rights whatsoever. Crime was less. But we weren’t anywhere close to crime free.

Well, in the mid 1960s, our white suburb was basically crime free. I don't recall any home or car break-ins. That is far from that today. Also, no one phucked around with the police unless they wanted a wooden shampoo and generally being beaten to a pulp.

Sledog said:

Kaepsknee said:

WestlinnDuck said:

MikeDamone said:

So a recession worse than the Great Depression? That would be NUTS!

We were a different culture back in the 1930s. In spite of massive poverty, America was basically crime free and orderly. Today, that kind of unemployment would result in Thunder Dome.

Not so much. We simply had frontier Justice. Eye for an eye if you will. We didn’t have crime report data bases and we had way less police. And a convict had no rights whatsoever. Crime was less. But we weren’t anywhere close to crime free.

We have changed too much, gone too soft. Even when My father was a cop it was OK to shoot people that ran. Cuts down on all sorts of problems.

I remember the phrase, "Stop or I will shoot". Now, in many jurisdictions you can't even pursue the criminals.

Kaepsknee said:

WestlinnDuck said:

Kaepsknee said:

WestlinnDuck said:

MikeDamone said:

So a recession worse than the Great Depression? That would be NUTS!

We were a different culture back in the 1930s. In spite of massive poverty, America was basically crime free and orderly. Today, that kind of unemployment would result in Thunder Dome.

Not so much. We simply had frontier Justice. Eye for an eye if you will. We didn’t have crime report data bases and we had way less police. And a convict had no rights whatsoever. Crime was less. But we weren’t anywhere close to crime free.

Well, in the mid 1960s, our white suburb was basically crime free. I don't recall any home or car break-ins. That is far from that today. Also, no one phucked around with the police unless they wanted a wooden shampoo and generally being beaten to a pulp.

We were talking about the ‘30’s.

I was taking 50's and 60's. Outside Detroit.